Regency FX is the cheapest way to send money from Brazil to Spain. Sending R$40,000 will get your recipient 6,722.8 EUR in minutes - 24 hours.
With Regency FX, deposit via bank transfer and withdraw in bank deposit to get the most EUR in Spain.
| 5 of 5 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze BRL/EUR exchange rates from our comparisons. | |||
| Based on 40,000 BRL transfer Best companies for BRL/EUR transfersAll money transfer offers for BRL/EUR transfers, sorted by most EUR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee R$1,592.35 1 BRL = 0.1685 EUR -0.01% vs mid-market | Recipient gets €6,473.15 Within 3 hours | |
Ways to receive money in Spain with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer R$1,592.351 BRL = 0.1685 EUR €6,473.15You payR$40,000.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee R$0.00 1 BRL = 0.1681 EUR +0.27% vs mid-market | Recipient gets €6,722.80 Minutes - 24 hours | |
Ways to receive money in Spain with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 BRL = 0.1681 EUR €6,722.80You payR$40,000.00 | |||
Run a live search Showing top Brazil to Spain deals for 40,000 BRL. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live BRL to EUR rates. | |||
Run a live search These companies offer multi-currency accounts for spending EUR. We suggest doing a live search based on how much BRL you're planning to spend in Spain. | |||
Run a live search These are managed services with real human support for large BRL transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee R$0.00 1 BRL = 0.1681 EUR +0.27% vs mid-market | Recipient gets €6,722.80 Minutes - 24 hours | |
Ways to receive money in Spain with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 BRL = 0.1681 EUR €6,722.80You payR$40,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee R$60.00 1 BRL = 0.1681 EUR +0.25% vs mid-market | Recipient gets €6,715.22 Within minutes | |
Ways to receive money in Spain with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes R$60.001 BRL = 0.1681 EUR €6,715.22You payR$40,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
 TapTap Send Pay via Debit card | Fee R$0.00 1 BRL = 0.1670 EUR +0.91% vs mid-market | Recipient gets €6,680.00 Minutes | |
Ways to receive money in Spain with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 BRL = 0.1670 EUR €6,680.00You payR$40,000.00 | |||
| Pricing based on Revolut Standard plan Revolut Pay via Debit card | Fee R$327.50 1 BRL = 0.1681 EUR +0.25% vs mid-market | Recipient gets €6,670.24 Within minutes | |
Ways to receive money in Spain with Revolut when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes R$327.501 BRL = 0.1681 EUR €6,670.24You payR$40,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| $0 fee on first online transfers  MoneyGram Pay via Pix | Fee R$0.00 1 BRL = 0.1651 EUR +2.05% vs mid-market | Recipient gets €6,604.00 Minutes - 24 hours | |
Ways to receive money in Spain with MoneyGram when paying by pix. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours Free1 BRL = 0.1651 EUR €6,604.00You payR$40,000.00 Bank depositMinutes - 24 hoursAvailable via:All Banks Free1 BRL = 0.1651 EUR €6,604.00You payR$40,000.00 | |||
| Wise Pay via Bank transfer | Fee R$1,592.35 1 BRL = 0.1685 EUR -0.01% vs mid-market | Recipient gets €6,473.15 Within 3 hours | |
Ways to receive money in Spain with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer R$1,592.351 BRL = 0.1685 EUR €6,473.15You payR$40,000.00 | |||
| Wise Pay via Pix | Fee R$1,592.35 1 BRL = 0.1685 EUR -0.01% vs mid-market | Recipient gets €6,473.15 Within minutes | |
Ways to receive money in Spain with Wise when paying by pix. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer R$1,592.351 BRL = 0.1685 EUR €6,473.15You payR$40,000.00 | |||
| How Our Results Work Mid-market rate: 1 BRL = 0.168525 EUR Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Regency FX at 6,722.8 EUR for R$40,000 transfer.
The IOF is the same whichever company you pick, so its about the exchange rate markup and the fees.
You have 3 ways to pay, including bank transfer, debit card, and pix.
You'll need your CPF and a photo ID to register and verify your account.
Once that's done, you can send money to Spain
There are 6 ways to send money to Spain across 5 money transfer companies.
For everyday transfers
For most transfers from Brazil to Spain, money transfer companies like Revolut are the cheapest way.
You can fund an online transfer with bank transfer, debit card, and pix.
Revolut charges R$60 and adds 0.25% markup when sending R$40,000, this will get you 6,604 EUR in Spain.
For property and other large transfers
Brokers are best for large transfers, they will negotiate a better BRL/EUR rate, handle the paperwork, and guide you over the phone.
Regency FX converts BRL to EUR with an exchange-rate markup of around 0.27%.
I'd suggest , since the rate gets better the more you send.
For receiving cash in Portugal
If your recipient in Spain needs cash, you can do it with MoneyGram.
Sending R$40,000 will get you €6,604 after the fees with MoneyGram.
You recipient will collect cash at the nearest MoneyGram branch in Spain.
Holding AUD and other currencies
Revolut lets you hold, convert, and spend BRL and EUR from one account.
Swapping R$40,000 with Revolut will get you 6,715.22 EUR after all fees.
You can then spend it in Spain or Brazil and receive EUR payments.
For freelancers & businesses
Global accounts like Airwallex, Wise Business, and Payoneer help with international EUR payments, invoicing, receiving payments, and more.
These are great for Brazilian businesses and freelancers, but not personal transfers.
With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending R$40,000 gives your recipient 6,722.8 EUR.
For paying for your transfer, you have bank transfer, debit card, and pix.
You can fund the transfer with Pix
You can use Pix as a funding method, but it can’t send BRL to Spain directly.
Scan the company's QR code or copy its Pix key, then approve R$40,000 in your Brazilian banking app.
For withdrawals in Spain, they can get it as bank deposit and cash pickup.
IOF can apply when you convert and send BRL abroad, so double check the tax shown before you send.
You pay R$40,000.00
€6,723
Cheapest
You pay R$40,000.00
€6,680
-€43
You pay R$40,000.00
€6,604
-€119
You pay R$40,000.00
€6,604
-€119
Brazilian transfer quotes should show the tax, fee and exchange rate. The easiest way to compare them is through the VET, then check whether the payment is a transfer of your own money or a gift.
For a R$40,000 payment to Spain, I suggest starting with these:
Cheapest:
Regency FX, funded by bank transfer with bank deposit in Spain. Your recipient gets 6,722.8 EUR, which is 0.11% more than the next best option.
Fastest:
Revolut, paid by bank transfer with bank deposit for the payout. It delivers 6,715.22 EUR in within minutes.
Pix can be used to deposit BRL from your bank to the transfer company's Brazilian account, but it cannot send money directly to Spain.
The company then switches to local rails or uses an internal network of accounts to move BRL to Spain.
Moving your own money and making a gift are not treated the same.
A gift may fall under ITCMD, which is set and collected by the relevant Brazilian state.
The rate, exemption and filing process depend on the state and the facts of the gift.
Check this before sending a large amount to family, particularly when the sender, recipient or estate has links to different states.
The Banco Central do Brasil says an authorised institution or its correspondent should explain the required documents and provide the VET.
If in doubt, check the institution's legal name with the Banco Central before sending.
Reclame Aqui can show service problems, but it does not replace the regulatory check.
The exchange rate affects the EUR amount before fees and tax are added. Tracking the recent BRL/EUR range makes company quotes easier to compare.
Mid-market rate:1 BRL = 0.168582 EUR
We track 5 authorised companies sending BRL to Spain, updated in real time during live comparisons.
The IOF is identical whoever you pick, so we compare on the spread and the all-in rate, plus the ways to pay and collect.
Each goes through our review. More on who we are, why you can trust us and how to get started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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